Čvc 06

Industry Report: Is Litecoin Making a Comeback?

Source: bitcoin

Industry Report: Is Litecoin Making a Comeback?

Cryptocurrency grows in Japan, and Litecoin is coming back with a vengeance. Want to catch up on the latest digital currency news? Have a gander at the stories below.

Also read: Industry Report: How China, France, and the FBI Do Bitcoin

ZAIF

Japanese cryptocurrency exchange Zaif is adding XEM currency to its platform. The company repeatedly appears in the headlines, and adding new digital currencies to its trading platform.

XEM currently holds heavy power in Japan, which is often credited for stimulating primary interest in the coin and bringing its $100 million market cap to fruition.

The New Economy Movement, which allegedly uses “blockchain technology to bring back equal” opportunities for individuals, has also proven quite popular within Japanese borders. Speaking of the NEM, Dragonfly Fintech CEO Lon Wong explains:

“It is timely that we can engage someone in Japan to spearhead the development and promotion of the NEM blockchain technology. Japan seems quick to jump onto this technology ahead of the rest of the world, although this solution was mooted ad developed in the USA and Europe.”

LITECOIN

Following a rocky period that seemed to last through the early part of 2016, Litecoin executives are revamping the coin and taking it in a whole new direction. Those in charge are seemingly promising an entire list of additions to the Litecoin table, including “new software clients, protocol improvements, and the consolidation of the various communication and governance structures.”

One of the big highlights of Litecoin’s new “coming-of-age story” is the addition of iOS and Android wallets. Such an app has never existed up to this point, and the lack of a accessible mobile wallets has been a major problem for the coin when it comes to expansion.

The new wallet will offer a simple user interface, encrypted private keys, and cold storage for added privacy and customer security. Also in Litecoin’s wake is a new tool slated to maintain the currency’s super-nodes.

Other cool aspects include faster signature validation, wallet pruning, memory usage improvements, and functionality to reduce upload traffic. The exclusive “Litecoin Talk” forum has also been reactivated with a new “read-only” archive following the recent hack which took place last March.

Know of any stories worthy of being included in our special Industry Reports? Post your comments and thoughts below!


Images courtesy of Google Play, blockscan.com.

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Industry Report: Is Litecoin Making a Comeback?

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Čvc 04

Japanese Cryptocurrency Exchange Zaif Adds XEM Trading Market

Source: bitcoin

Bitcoinist_New Economy Movement XEM

Japanese cryptocurrency exchange Zaif continues to make media headlines in quick succession as of late. The company announced on July 3rd how they had added the XEM cryptocurrency to their trading platform. Keeping in mind how XEM has seen a spectacular value increase over the past few months, this is not entirely surprising.

Also read: Litecoin Is Back: New Roadmap Signals the Start of a Renaissance

It is not uncommon for cryptocurrency exchanges to add new coins to their platform. The addition of XEM to Zaif is quite noteworthy, though, considering how the New Economy Movement concept has a huge following in Japan. In fact, Japan is the driving power behind the recent XEM price increase, which is now nearing the US$100m market cap.

Zaif Exchange Expands List of Supported Cryptocurrencies

The reason for XEM’s success can be attributed to Takao Asayama, CEO of the Zaif exchange. He is also the official spokesperson for New Economy Movement in Japan. As a result of his efforts, Asayama has been appointed as NEM Japan Director and represent the movement in the country from now on.

Dragonfly Fintech CEO Lon Wong told the media:

“It is timely that we can engage someone in Japan to spearhead the development and promotion of the NEM blockchain technology. Japan seems quick to jump onto this technology ahead of the rest of the world, although this solution was mooted and developed in the USA and Europe. Given Takao Asayama’s commitment and involvement, we are confident that he will be able to take NEM to the next level in Japan.”

Zaif has become quite a popular exchange platform in Japan, and it is considered to be one of the premier cryptocurrency platforms. Up until this point, only two currencies were supported: Bitcoin and Monacoin. As of July 3rd, users can trade XEM against the Japanese Yen. A Bitcoin trading pair for XEM will be added in the coming weeks.

The correlation between Zaif and New Economy Movement goes much further. The Mijin blockchain solution, developed by Zaif parent company Tech Bureau Corp, uses NEM blockchain technology. All of the pieces of this puzzle are falling into place as we speak. Exciting times are ahead for cryptocurrency in Japan; that much is certain.

What are your thoughts on the NEW concept and Zaif adding this cryptocurrency to its platform? Let us know in the comments below!

Source: Zaif

Images courtesy of Shutterstock, Zaif

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Japanese Cryptocurrency Exchange Zaif Adds XEM Trading Market

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Kvě 14

Japanese Company Raising Funds Abuses Tech Bureau Corp. Credentials

Source: bitcoin

Bitcoinist_Company Credentials

Success in the world of Bitcoin and cryptocurrency inadvertently leads to unwanted attention. In the case of Tech Bureau Corp, the company behind Zaif and Mijin blockchain technology, they became the victim of Akitsu, Co, Ltd. using some of their product names for commercial purposes.

Also read: Bitcoin.com Launches Official Casino, Free Bitcoin Bonus

Akitsu Crowdfunds By “Borrowing” Tech Bureau Corp. Resources

Both Tech Bureau, Corp and Dragonfly Pte, Ltd saw some names of their staff members, product names, materials, trademarks, and business plan abused by a company going by the name of Akitsu, Co, Ltd. All of these efforts were part of commercial activities conducted by the latter company, primarily in the field of fundraising activities using the resources as mentioned earlier.

Tech Bureau Corp. made it clear they – nor Dragonfly Pte, Ltd. – have any relationship with Akitsu, nor did they make any commitment to share their resources with this company. Additionally, the usage of the trademarks is prohibited,  and there are no capital ties between the affected businesses and Akitsu. However, one of the former officers of Tech Bureau Corp. was involved on Akitsu at a previous stage in his career.

According to the information, we have received, Akitsu was founded in January of 2016, and dissolved less than a month later. To make matters even more intriguing, Akitsu founders have started a new company called Soramitsu Co. Ltd three days later. Tech Bureau Corp. and Dragonfly have no commitment to this new business either, which is registered at the same address as Akitsu once was.

Both affected companies have launched a thorough investigation into the matter, and the evidence is pointing toward a breach of confidentiality, misfeasance, or misinformation. The investigation is still ongoing at the time of publication, and more information will be revealed as it becomes available.

Investors of Tech Bureau Corp. and Dragonfly Pte, Ltd were worried about this new company using their trademarks and names of their staff members. Keeping in mind how Tech Bureau runs the Zaif Bitcoin exchange, as well as the Mijin blockchain platform, they have gotten a lot of attention in recent months. Apparently, certain individuals are looking to ride their coattails, a business malpractice that has been nipped in the bud before it could become a significant concern.

What are your thoughts on Akitsu using the trademarks and staff member names of another company involved in the Bitcoin world? Let us know in the comments below!

Source: Tech Bureau

Images courtesy of Tech Bureau, Shutterstock

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Japanese Company Raising Funds Abuses Tech Bureau Corp. Credentials

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